Needham & Company Positive on SunEdison (SUNE) Steps to Improve Operating Structure

UBS Downgrades SunEdison (SUNE) to Sell

UBS downgraded SunEdison (NYSE: SUNE) from Neutral to Sell with a price target of $2.00.

For an analyst ratings summary and ratings history on SunEdison click here. For more ratings news on SunEdison click here.

Shares of SunEdison closed at $4.12 yesterday.

SunEdison (SUNE) YieldCos on Watch Amid Short Squeeze (GLBL) (TERP)

SunEdison (NYSE: SUNE) YieldCos on watch with shares blasting through $4 on a short squeeze.

SUNE YieldCos: TerraForm Global (NASDAQ: GLBL), TerraForm Power (NASDAQ: TERP)

SunEdison (SUNE) Shorts Squeezed

Gains in SunEdison (NYSE: SUNE) Tuesday afternoon were tied in part to a short squeeze. The advance followed earlier announcements from the company including resolution of its $410 million margin loan, selling 425MW of projects to Terraform Global (Nasdaq:... More

SunEdison (SUNE) Announcements Remove Several Overhangs - Deutsche Bank

SunEdison's (NYSE: SUNE) announcements this morning -- including resolution of its $410 million margin loan, selling 425MW of projects to Terraform Global (Nasdaq: GLBL), and signing a 6.2MW 20 year PPA with L.A. County -- are positive for SunEdison and TerraForm Power (NASDAQ: TERP) shareholders, according Deutsche Bank analyst Vishal Shah.

The analyst explained, "SunEdison made several announcements this morning, including resolution of the ~$410M margin loan, selling ~425MW of projects to Terraform Global, and signed... More

SunEdison (SUNE) to Sell 425 MW to TerraForm Global (GLBL)

SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company and TerraForm Global, Inc. (Nasdaq: GLBL), a globally diversified owner and operator of clean energy projects, today announced that they have entered into an agreement for SunEdison to sell TerraForm Global a series of projects located in India for the... More

SunEdison (SUNE) Enters Agreement to Sell Solar Projects in India (GLBL)

SunEdison (NYSE: SUNE) disclosed the following on Tuesday:

Entry into Equity Purchase and Sale Agreement

On November 20, 2015, TerraForm Global, LLC (the Buyer) entered into an Equity Interest Purchase and Sale Agreement (the Agreement) with SunEdison Holdings Corporation (the Seller and, together with the Buyer, the Parties), a wholly-owned subsidiary of SunEdison, Inc. (the Company), to purchase the equity interests in a 425 MW portfolio of solar projects located in India, which projects will be transferred to Buyer upon satisfaction of certain conditions precedent. The aggregate purchase price to be paid by the Buyer for the acquisition is equal to... More

SunEdison (SUNE) Announces Pay Down of Margin Loan by Subsidiary

SunEdison (NYSE: SUNE) announced that its wholly-owned subsidiary SUNE ML 1, LLC repaid substantially all of the amounts due and owing pursuant to the Margin Loan Agreement it had entered into with Deutsche Bank AG, London Branch, as the administrative agent and the calculation... More

SunEdison (SUNE) Reports Pay Down of Margin Loan

SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced that its wholly-owned subsidiary SUNE ML 1, LLC repaid substantially all of the amounts due and owing pursuant to the Margin Loan Agreement it had entered into with Deutsche Bank AG,... More

SunEdison (SUNE) Signs 20-Year, 6.2MW Purchase Agreement with LA County

SunEdison, Inc. (NYSE: SUNE) announced that it has signed 20-year power purchase agreements with Los Angeles County in a deal that will see nine government facilities powered with 6.2 megawatts DC of solar energy. The solar power purchase agreements are projected to save taxpayers millions of dollars, and will provide predictable energy pricing to L.A. County for decades to... More

SunEdison (SUNE) to Cancel Continuum Deal; Plans to Sell 400-MW of India Solar Assets

SunEdison (NYSE: SUNE) is said to be putting 400-MW of solar capacity on sale and that the company has also cancelled the planned acquisition of Continuum.

According to India's... More

Market Wrap: Pfizer, Allergan Make it Offiical; Icahn Gets Active on Xerox; Existing Sales Slump in Oct.

Market wrap for November 23rd

End of the Day: S&P 500 down 2.6 to 2,086.59; Dow Jones down to 17,792.68; Nasdaq down 2.4 to 5,102.48

Market Brief: Markets ended lower to start off the holiday-shortened week with most investors now looking to a December rate hike from the Fed. Trading on the session was notably light.

Existing home sales slipped in October, missing consensus estimates in the process.

Pfizer and Allergan announced a massive merger agreement, bolstering a slew of other M&A... More

SunEdison (SUNE) Enters Into Amendment No. 2 to Margin Loan and Letter Agreements

SunEdison (NYSE: SUNE) said in an SEC filing:

On November 17, 2015, SUNE ML 1, LLC, a Delaware limited liability company and a wholly-owned special purpose subsidiary of SunEdison, Inc. (the Borrower), and SunEdison, Inc. (the Company), entered into Amendment No. 2 to Margin Loan and Letter Agreements (Amendment No. 2), by and among the Borrower, the Company, as a guarantor, Deutsche Bank AG, London Branch, as the administrative agent and the calculation agent, the other... More

Moody's Downgrades Terraform Power (TERP) and Terraform Global (GLBL) to B2 CFR on Parent Weakness, Negative Rating Outlook

Moody's today lowered the Corporate Family Rating (CFR) of Terraform Power Operating LLC (TPO) (Nasdaq: TERP) to B2 from Ba3 and the CFR of Terraform Global Operating LLC (TGO) (Nasdaq: GLBL) to B2 from B1. The unsecured debt rating at TPO and TGO were both lowered to B3 from B1 and B2, respectively. We also lowered the Speculative Grade Liquidity (SGL) rating of TPO to SGL-3 from SGL-2 and maintained the SGL-3 at TGO. The rating outlook on both entities is negative. TPO and TGO are subsidiaries of... More

Buy SunEdison (SUNE) YieldCos Following Management Change - Avondale (TERP) (GLBL)

Avondale Partners analyst Michael Morosi said they would be aggressive buyers of SunEdison (NYSE: SUNE)-sponsored YieldCos following the company's announcement of management changes at TerraForm Power (NASDAQ: TERP) and TerraForm Global (NASDAQ:... More

SunEdison's (SUNE) Problems Can Be Solved, Says Deutsche Bank

Deutsche Bank maintained a Buy rating on SunEdison (NYSE: SUNE) with a modified price target of $9.00 (from $16.00). In a research note, analyst Vishal Shah outlined bull and bear scenarios. In the bear case, the company takes no action, and in the second scenario, management restructures the Vivint Solar (NYSE: VSLR) transaction, sells operating assets, refinances margin loan and enters into strategic third party sales.

Overall, while walking away from the Vivint Solar transaction does not appear to be an option, Shaw thinks the current problem can... More